9/23/2009 10:06:00 AM
A surge in bank lending and fixed asset investment has strengthened economists´ faith in China´s recovery and brought the target of 8 percent growth within reach for the world´s third-largest economy.In its Asian Development Outlook 2009 Update report yesterday, the Asia…
9/21/2009 10:02:00 AM
A Chinese official vows on Thursday to curb the country´s production overcapacity and avoid repetitious construction of projects that are less environmental-friendly. The move is part of the country´s efforts to promote energy conservation and reduction of greenhouse gas emissions…
9/17/2009 10:50:00 AM
According to the latest statistics by Ningbo Customs, exports of textiles and garments in Ningbo port reached 1.76 billion US dollars in July, a growth of 12.9%, the highest one-month export volume this year. Meanwhile, orders of shoes and leather, garments and other export products began to grow in …
9/16/2009 9:53:00 AM
Foreign direct investment (FDI) in China rose 7 percent year-on-year to $7.5 billion in August, the first hike in 11 months after the country was hit by the global financial crisis, according to the Ministry of Commerce (MOFCOM).That compared with a 35.7-percent drop in July. The growth of foreign in…
9/15/2009 11:29:00 AM
The Chinese government on Monday filed a formal complaint to the World Trade Organization (WTO) over steep U.S. tariffs imposed on Chinese-made tyres. Under the WTO´s dispute settlement system, the two countries will now have 60 days to try to resolve the dispute through consultations. If c…
9/14/2009 10:34:00 AM
Daqing Oilfield, China´s No.1 terrestrial oil producer, is expected to triple its natural gas production while stabilizing crude output in the years to come. Wang Yongchun, general manager of Daqing Oilfield Co. Ltd., confirmed Sunday his company would be producing 8 to 10 billion cum of na…
9/14/2009 10:18:00 AM
A recent orders increase in many Chinese export-oriented companies combining a slower downward rate in the country´s foreign trade figures added to signs that the dwindling export has scraped bottom amid the shrinking global economy, but analysts were not so optimistic about full recovery i…
9/11/2009 9:56:00 AM
China´s bank loans would report a steady growth in the second half of the year, since big fluctuations will hurt the economic recovery, a Bank of China official said Thursday, dispelling concerns over tightening credit. "There will be a steady growth in the bank loans over the next six…
9/11/2009 9:52:00 AM
The China and Pakistan free trade zone service trade agreement will take effect on Oct. 10, the Ministry of Commerce (MOC) said on Thursday. It indicated a free trade zone between China and Pakistan would be set up involving goods trade, service trade and investment, according to the MOC. The agreeme…
